Victoria Real Estate Update - April 2012
The single family housing leads March 2012 housing market in Victoria. Homes sales have risen 17% since last month, while the sixmonth average price is up 1% to $599,551. the average price of a Greater Victoria single family home in March was %640,553 up from $579,985, but is affected by the sale of two homes over $4 million. Compared to March 2011, active listings in this category are up 5% to 1,858, while sales are down 7%.
There were twentysix single family dwellings sold over $1 Million (4 over $2 Million). Fourteen waterfront single family dwellings sold and just over three hundred non-waterfront single family dwellings sold during March.
Oak Bay topped the highest home sale so far this year priced between the $4,500,000. - $5 Million range. Next, Central Saanich and then the North Sannich area. The least expensive home that sold in Victoria during March was just under $400,000. Between the $400, - $500,000. range were eleven sales. Twelve between $500, - $600,000. Fifteen between $6, - $700,000. Ten between $7, - $800,000. Four sales between $8, - $1 Million and two between $1 - $2 Million.
Below are stats showing all the Condominium sales since January 2012 by price range in the Victoria, Oak Bay, Esquimalt, View Royal, Sannich East, Sannich West, Central Sannich, North Sannich and Sidney areas. CM = Current Month and YTD = Year To Date.
Victoria Real Estate Stats - New Listings vs. Sales Graph
The Spring market is now on its way. If you have any questions regarding Victoria real estate please call me direct at 250.744.4556 or 1.800.550.0585. Look forward to hearing from you. If you are consentrating on the Oak Bay area click my blog page for more information. Please stay tuned for more updates!